Even with the cryptocurrency markets in an extended slump, the most prominent venture capital firm in the sector is doubling down.
Andreessen Horowitz, the well-known firm that made early bets on Instagram and Reddit, said on Monday that it was creating a $300 million fund focused exclusively on projects inspired by the original virtual currency, Bitcoin. One of the leaders of the new fund will be the firm’s first female general partner, Kathryn Haun, a former federal prosecutor.
via With Cryptocurrencies in Free Fall, One Big Firm Doubles Down – The New York Times.
